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<br /> - -ltiwpntipe#eicl=e�dhCunveriloa0p�on.lmuatlit'itmsetcCtl01t1WtICitIQ114.1'�Pt449hdJ�Loeqe�Qfhgt,SiZlmt�t�t �'
<br /> °— givethqNqteHolQeinodcd�hatiw�nnttodoeo;pponihoConvaslanparo,imuatrrotbelndefauftunder�hallot60E��o
<br /> &earity!gsuument;(ilO by adaW specl8ed by 1ho Naa Holdor.I mua�pqy tha Noto Holder a conversion toe nt�$ . ,s,�:
<br /> $ .90 . ;and(Iv)1 muat elgn nnd give Ihe Noto Holdpr any documents tha Note Holder. .
<br /> __.._ requfreatootfecttheconverslon. '
<br /> — (B)Glcalatfunot�9aedRote '
<br /> " � My new,flxed Intare�t rate wlll bo equal�o cho Pcdcral Nntlonnl Mortgnga Ansociativn.requtred net ytetd _ -° • — -
<br />;,;��� as ot e da�e end Ame of day apeclfled by tho Note Holder Por p)If tho oNglnal«rm of�his Note b groaeer than 13 .
<br /> y08fB,30•yoar tixed rate mor�gegai covered by applicabla 60•d�y mandetory delivery cammitmente,plus flva
<br />�:'%��'>; eightda ot one pamxntege polnt(0.625f6),rounded ro�ha nearo��onc�elgMN of one percentago point(OJ239o),or
<br />=�=;=;t;? pp if tlw odginat term ot chi�Noro le IS yoan or Ics�, 13•year Oxcd rata mortgegon covered by eppllc�Dle 60-day
<br /> _-%};rr,� mandatory delivery commitmena,plu�fivo•elghth�of ono porcemego polnt(0.62l�6),rounded co the nearest
<br /> - :r-� onerolghth of one percontago polm(0.12396).If thi�required net yield cnunot bo deurmined buausc the applb _. -
<br /> , - „ cable commitmenn ere not avallable,the Note Holdor will detormino my Intere�t rate by usiag wmparable
<br /> i�P{� Informaeton.Myne�vrateealculetsdundertbis&ction3(B)willnotbogrcuccrthamheMoximumRetoctecedin9ection __ .
<br /> �, a(D)abova MY INTRRBST RATB uILL NBVER BE ORBATflR THAN 11 .000 PBRCSNT.
<br /> „-�` (C)New Peyment Amount and Effective Date n' _
<br /> R�.._
<br /> IP I chooae co cxercise the Comerelon OpNon,�ho Note Noldor wlll dotcrmine the nmount of the monthly �,'z -.
<br /> f���� payment�hat would be wfHdmt ro rcpay the unpaid principal I¢m expected�o owo on tha Comerefon Date in `,,, °
<br /> _-P,�4,�s�� full on the matudry date et my new tixed incereat rate in cuba�entially equal poymenu. The reault of thin celcu• f', �;_ __
<br /> IaUon wlll be the new amount of my monthly payment. Beginning with my tiret monthly p¢ymene efter the }�i 7�.,,
<br /> �j� y� Comersion Date.I will pay the new emount ea my momhly p4ymem undl iho Mmudty dato. ,ih,° -
<br /> 3�l. � +r �Kr l.-__
<br /> „y�?;11 C.TRAN9FER OF THE PROPERTY OR A BENEFICIAL INTERE6T IN UORR0IVER � �,„�,_
<br /> r;?� 1. Until Borrower exereises the Conversion OpAon under the condi�inna�reted in Sec�lon B oi thi�Adjust• �',�� , �_:�„_
<br /> +�f� able Rate Rider.Unitorm Covenent 17 of the Secudty Ins�rument is amended to rcud es follo�v�: �n,i , �_
<br /> �i + 4Yander ot the Property or e Deneticlnl Intereat in Borromr.It al l or nny pnrt of�ho Property or any inreresi ,�t'S,;,°�a.,
<br /> in it Is sold or tran�ferred(or if e Neneficiel inrercst in Borrower i:sold or uonshrrod�ho Borrowcr ia not¢ Y ',,�;;
<br /> w +� nawral personi wi�hou�Lender s prior wA�mn conacnt.Lender moy,a[its opiion, rcQuirc immedinte payment in ;�� , "� =-
<br /> 1 <#�` full of nll suma seeured by this Securi�y Instrument. Howevcr,thi+option �hutl not bc cxerciRCd by Lender if , r`« ':
<br /> `" excrcise B rohibited b fedeml law as of thc date of thfa Securit Instrument. l.ender alno�hall noe excrcisc this .4`�. n:?�,:'�:..-
<br /> � �i option if:(a)Borrower ceusea ro be submitted to Lender informotfon re uired b Lcndcr ro evnluate thc intended ��� �f�j '"
<br /> -�;- aansferce es if¢new loan were 6eing made ta the ttnnsfcree:und Ib1 Lendcr rcaeonably detcrmines thnt Lend• - ��`���An�fn?..
<br /> .;j�{;�, er's sewrity will not be impeired by the loun ossump�ion nnd that the rixk of o brench af any covenant or „z F��� �
<br /> '%%+j*. a reement in this Sewrit Insuument is acce table to Lender. :'-�r�fk"�"`-=��-
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<br /> B Y P �"4��._ ..
<br /> To the extend permitted by applicable Ia�v. Lender moy chargc a rmsono6lc fce os n conditlon �o Lcnders r �`"°' -�
<br /> -�'� cs i - �- Y.��..
<br /> consent to the loan assumption. Lender nlso mny requirc ihc tmnsfcrec io.ign on uaumpiion ngrcement that Is `. ���d� r-�
<br />�_��i3:1;� wo,r.a:y�li�.t4:l�-.
<br /> -� .:. accepteble to Lender and that oblignus the trensfercc m kcep all thc promiscx anJ oprcenunt. nmde in ihe Note 1 ,�u fE�:-,
<br /> >:',� and in this Sewriry Instrument. 6orrower wiil cominuc�o he obligmeJ under ihe No�e nnd ihic Security In+tru- .��,;$_fi_ _,-.
<br /> XEj ment unleas lender releases Borrower in writing. };}yk Sr_�"��
<br /> ��,,,�;;� If Lendcr excrcises the option ro rcyvire immcdiutc paynum in iull, l.endcr.hull girc finrrmvcr naicc of .,, '- i;ty,,,;-_�
<br /> !-�;* acceleretion. The notice shall provide u perioJ of not Ic+s�him 30 day,(rom ihe Jnce ibe nntice i.delirereJ or -Y�o I,��;� ' �.:
<br /> �s-- ' meiled within which Borro��rr mu+t pay nll.um..ecured M1y thi. Securiiy Iminunem. It 13ortm��er lnih ta puy �
<br /> � -"t � these sums prior ro the czpirution of thi�perind, LcnJcr muy inrota uny remeJie.pcnnincJ by�hi.Sccurity �, �;.`i� r-
<br /> Instrummt wi�hout Nrther notice or demand on Bormaec �<<Fi�,.,.��;r�,+.-.�
<br /> -�� 2. If Borrower excrcixex the Canrer.ion Option unJer�he conJi�ion.+t:ucJ in Saruan 8 uf ihi.AJju,tnblc 1-��+ '`
<br /> -:=r Rete Rider, the nmendment of Uniform Coeennnl 17 nf�he Securitr Imtrumcnt comaineJ in Seciion C 1 nbn+ro ��; - <��r••�
<br /> ::_.: shall then cease to be in effece, anJ the prrn�i.ion.o(Unifnrm Co�enant 17 nf �he Secunq In.uumem shall �_ �^ - '-
<br /> , �.�� {_.,._.
<br /> "��`' instead be in effect,ac follows: `t•�„';�,�-.
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<br /> _� -_' 1YansterotthePropertyoraBeneflciellnterestinllarro�rer. Ifall�,r.m�p:�noi�hcPra�kn� nran� imerra ..
<br />-=?r�;}:,.�i in it is sold or transfcrred (ar if a bcncficial intcrc.� in Ilorrnacr i•.��W ur�r;m.fcrmJ anJ Borruw.r i+nni n �
<br /> . ;> netural persoN wi�hout Lcndv s prior arrittcn rnnunL LrnJcr may�.:n in ap�ion. rcyuin imnu•dimc pa�mrm in . .
<br /> full ot all sums secured by this Securitc In.trumem. Hrncecer.�hf.opoon �hall nm hr e�crcneJ h� I.enJer d • .
<br /> exercise iz prohibited by federal laa•a.of thc Jaic of:hi.Sccuri��Ln�rnnxm. � � - -
<br />- If l.ender exerci.e.�hi+option, Lender�hall gi��c Bortowrr no�ice �+t ar..ler.iiinn- Thi nuu.e �hnll pn.�iJr � � _�
<br /> _- - � a period of not le.s than 30 da7��from thc Ja�c�hc nntiac f.dc6�ucJ nr m:u IcJ w uhm w luch Burrnwcr mu.� pa) �
<br /> - all smns ucured bq tliis Securit�� In.�rumem. I(Rnrrmcer f:dl,tn pa} ihr.c .um. prn�r a.ihe .�pvamm nl �h�. �
<br /> period.Lender may invokc am remcJie.permi�tcJ h� ih�.ticcum� In.trnmcm��nh�nn lunher no��ce�n J.•m:md
<br /> on Borroxec '
<br /> - BY SIGNING 6ELOW. Bo�ro��cr amepH anJ aErce�in Ihe Icnu..mJ rn�enanl.ionlamrd m Ih�.Adpnc�hlr
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